Economics · Excise Duties
Why is an excise duty classified as a commodity tax?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is levied on the manufacture or production of goods rather than their sale.✓
- 2It is assessed directly on an individual's personal net income.
- 3It is based solely on the destination country of imported goods.
- 4It varies dynamically according to the seasonal demand of consumers.
Correct answer
It is levied on the manufacture or production of goods rather than their sale.
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